
What the DOD’s MLA Clarification Missed
CUNA's counsel commends the Department of Defense's clarification that the new Military Lending Act rules do not ban the use of statutory lien authority for credit unions. However, while there was a lot of focus on provisions that don't go into effect until late 2017, what was needed was more focus on rules that go into effect in five weeks. CUNA is requesting a six-month delay of the 10/3/16 effective date. [8/31/16]